GITNUX MARKETDATA REPORT 2024

Must-Know Housing Shortage Statistics [Latest Report]

Statistic 1

"Homelessness in England has increased by 165% since 2010, primarily because of the housing shortage."

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Statistic 2

"There is a housing deficit of about 2 million homes in the Middle East and North Africa region."

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Statistic 3

"India may face a housing shortage of approximately 30 million units by 2022."

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Statistic 4

"By 2025, California needs to build 3.5 million homes to alleviate its housing shortage."

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Statistic 5

"To meet the demand, the United States needs to build 4.6 million new apartments by 2030."

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Statistic 6

"The U.S. housing market ended 2020 with a 5.5 million unit shortage."

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Statistic 7

"Sub-Saharan Africa has about a 56 million unit housing shortage."

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Statistic 8

"Brazil faces a housing deficit of 7.78 million units, predominantly affecting low-income families."

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Statistic 9

"In Germany, there is a shortage of around 1.9 million affordable housing units."

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Statistic 10

"There is a shortage of 230,000 homes in Ireland, requiring a minimum of 33,000 new homes to be built each year till 2040."

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Statistic 11

"China estimates it will need 800 million new homes by 2025 to tackle urban housing shortage."

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Statistic 12

"UK needs to build 340,000 homes per year until 2031 to counter the housing shortage."

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Statistic 13

"Australian housing shortage is projected to reach 173,000 dwellings by 2023."

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Statistic 14

"South Africa has a housing shortage of around 2.3 million homes, primarily in the affordable segment."

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